Mr. Adebayo, a young and ambitious professional in Lagos, had worked tirelessly for years to save up enough money to purchase his dream home. For him, this was more than just an investment; it was the culmination of years of hard work, sacrifices, and the promise of a secure future.   After months of searching, he finally found what seemed like the perfect house in Lekki—a luxurious three-bedroom duplex in a serene environment, complete with modern amenities and close proximity to the city center.   The real estate developer he was dealing with was well-spoken and convincing, assuring Mr. Adebayo…

If a Land Seller tells you the only document he has is a Contract of Sale, walk away. He has no good title to pass to you.   If the Land Seller has no Deed of Assignment that shows he has fully paid for his land from the previous owner, don’t buy that land. You are only jumping from frying pan to fire. He has no title on that land neither would you also.   Most Real Estate companies especially in the Ikorodu, Ibeju Lekki, and Epe axis are fond of marketing their lands to unsuspecting buyers with only a…

Real estate fraud especially in Lagos deeply hurt and affected over 500,000 victims last year and resulted in over N5 Billion Naira in losses traced to dubious real estate developers, unscrupulous agents, shady land or home sellers and deceitful Omo-onile customary landowners. Personally I have prevented over N300 Million Naira fraudulent land transactions this year alone and the numbers keep on increasing. Along the way, I have met smart buyers who claim to be very savvy in real estate matters but still ended up as victims to these property scammers because they refused to seek professional help from more experienced…

There are so many lovely properties out there for sale from N10 Million upwards to accommodate every wallet size but just like Omo-onile lands, I am beginning to see a proliferation of fraudulent property developers building dubious houses for sale. This issue has caused so many tears to many first time home buyers who did not conduct a proper property verification before they bought those duplicitous houses.   Personally, I prefer people buying built-up properties (if they can afford it) instead of looking for land properties to buy. The concerns associated with buying a piece of land in Lagos today…

Let me just drop this List here for you to ponder for 1 minute.   Nigerians are their own worst enemy. How can someone struggle to find a good property to buy without wahala, spend so much money to acquire the land from Agency fees to Survey plan fees and when its time to take possession of the land, the community now presents this Stupid ” OMO-ONILE FEES” to you? If you choose not to pay it, they would prevent you from working even if you bought the land for N100 Million.   To put Foundation on the land N200,000…

Don’t be confused. Rectification and Ratification means 2 separate things but they sound alike. Rectification means to correct a grave error on a document while Ratification means giving formal consent to a contract or agreement thereby making it validly official.   To understand how Rectification of Title to Land differs from Ratification of Title to land, we have to understand what a Land title means so we can comprehend it quite easily.     WHAT IS LAND TITLE?   Land title may be defined as the rights or ownership claim a person has over a property. It simply means, for…

In legal circles, the word “indemnity” is used in contracts. It means recompense for any loss or liability which one person has incurred. It has been defined as an obligation undertaken by a person called the indemnitor/indemnifier to provide compensation for a particular loss suffered by another person called the indemnitee/indemnity holder.     A claim to an indemnity can arise by either by operation of law or by contract. It must also be noted that an indemnity can be made subject to the rules of damages. The indemnifier bears the primary obligation with regard to the amount of the…

Introduction   If you live in Lagos, you must be aware of the activities of land grabbers popularly referred to as “omo-onile” who have constantly taunted the public with their polluted habit of either selling a particular parcel of land to several persons.     Hereby dispossessing lawful owners from their lands or demand for endless charges from lawful owners of properties who have begun the process of building on their lands for roofing, decking, flooring etc.     Their activities have helped record a decline of investments in the real estate sector by investors in Nigeria particularly, Lagos state…